Sunwin(SZ:300044)2022-10-26 16:00Revenue and Profit - Revenue for Q3 2022 was ¥91,114,099.26, a decrease of 23.61% compared to the same period last year[4] - The company's operating revenue for the reporting period was approximately CNY 240.32 million, a decrease of 65.20% compared to the same period last year[10] - Total operating revenue for Q3 2022 was CNY 240,315,249.78, a decrease of 65.2% compared to CNY 690,547,147.70 in the same period last year[26] - Net profit attributable to shareholders was -¥12,995,390.43, a decline of 120.70% year-on-year[4] - Net loss for Q3 2022 was CNY 33,657,900.12, compared to a net profit of CNY 10,341,178.38 in Q3 2021[27] - The total comprehensive loss for Q3 2022 was CNY 33,714,041.44, compared to a comprehensive income of CNY 10,512,055.67 in Q3 2021[28] Cash Flow - Cash flow from operating activities for the year-to-date reached ¥85,809,679.89, an increase of 886.02%[4] - The net cash flow from operating activities increased by 886.02% year-on-year to approximately CNY 85.81 million, mainly due to a reduction in cash payments for goods and services[10] - The net cash flow from operating activities for Q3 2022 was ¥85,809,679.89, a significant improvement compared to a negative cash flow of ¥10,916,972.21 in Q3 2021[31] - Cash flow from operating activities for Q3 2022 was CNY 354,305,871.29, compared to CNY 417,922,066.94 in the previous period[30] - The net cash flow from investment activities decreased by 29.53% year-on-year to approximately CNY 106.49 million, attributed to lower cash received from subsidiary disposals[11] - The net cash flow from financing activities decreased by 139.63% year-on-year to approximately CNY -276.39 million, primarily due to a reduction in cash received from borrowings[11] Assets and Liabilities - Total assets decreased by 35.01% to ¥2,157,889,572.22 compared to the end of the previous year[5] - As of September 30, 2022, total assets decreased to CNY 2,157,889,572.22 from CNY 3,320,157,641.13 at the beginning of the year, representing a decline of approximately 35%[21] - The company's total liabilities decreased to CNY 1,154,488,173.34 from CNY 2,283,042,200.81 year-on-year, a reduction of 49.3%[25] - Total current liabilities decreased to CNY 45,092,213.34 from CNY 324,416,995.76, a decline of about 86%[23] - The company's total liabilities included a significant increase in lease liabilities, which rose by 2547.86% to approximately CNY 4.45 million due to the renewal of certain lease contracts[10] Investments and Expenditures - Long-term equity investments dropped by 100% to ¥0 due to the sale of equity in Anhui Haida[9] - Development expenditures increased by 120.85% to ¥39,848,999.69, reflecting higher capitalized R&D investments[9] - Research and development expenses for Q3 2022 were CNY 36,898,154.22, a decrease of 27.5% from CNY 50,942,435.91 in the same period last year[26] - Investment income plummeted by 98.85% year-on-year to approximately CNY 1.11 million, also related to the previous year's sale of a subsidiary[10] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 56,084[13] - The total equity attributable to shareholders of the parent company was CNY 1,004,164,557.63, down from CNY 1,034,382,776.55 year-on-year[25] - The company reported a total of 100,891,414 restricted shares at the end of the period, with 70,675 shares released during the quarter[17] Legal and Other Matters - The company has ongoing litigation and has disclosed several announcements regarding significant legal matters throughout the quarter[18] - The company experienced a significant increase in credit impairment losses, amounting to CNY 40,267,202.27, compared to a reversal of CNY 23,103,987.95 in the previous year[27] - The company reported a credit impairment loss of approximately CNY 40.27 million, an increase of 274.29% year-on-year, primarily due to the reversal of provisions for receivables[10] Cash and Cash Equivalents - The company reported a significant reduction in cash and cash equivalents, down 55.86% to ¥70,876,208.66, mainly due to loan repayments[9] - Cash and cash equivalents dropped significantly to CNY 70,876,208.66 from CNY 160,574,215.48, a decrease of about 56%[22] - The total cash and cash equivalents at the end of Q3 2022 stood at ¥61,158,687.30, down from ¥143,477,492.35 at the end of Q3 2021[32]